Jonathan More Of Mayfair Investment Partners Sells Industrial Asset In Jacksonville For $7M
243 Lane Avenue North
$7,000,000
$73/SF
Building Size
95,000 SF
Asset Type
Industrial
Closing
Feb 13, 2026
AI
The property asset involved in this transaction is an industrial building located at 243 Lane Avenue North in Jacksonville. The transaction was completed for a sale price of $7,000,000 and encompasses a total space of 95,000 square feet, leading to a price per square foot of $73.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,000,000
- Sale Date: 02/13/2026
- Seller: Jonathan More - Mayfair Investment Partners
- Seller's Representative: Kyle Fisher & Kyle Murphy - CBRE
The deal was primarily handled by Kyle Fisher and Kyle Murphy, who acted as the representatives for the seller, Jonathan More, in this transaction involving Mayfair Investment Partners. Their roles were instrumental in facilitating the sale process and ensuring all parties were aligned throughout the transaction.
Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93